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1. MET ASCENT
12 Pages 30th July, 2011 – 15th August, 2011
What to watch out for ………….
EXCHANGE TODAY
Business News
Sensex 17162.78 ↑
Nifty 5169.70 ↑
Rs/$ 44.57
Rs/Euro 64.50
Page 2
10 gm gold Rs26155
1 Kg silver Rs67615
(as on 10th August, 2011)
HR News Job Market
Page 4 Page 8
Book Review MET TIMES
Page 9 Page 10
.…An initiative of HR” INSIGHT” Group
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Business News
Which way is the global economy headed?
Indian Market Is Feeling The Heat Of US & Eurozone Crisis
Sebi Says There’s Nothing To Worry
06th Aug 2011, Times of India
There is a growing consensus that the chances of a recession have
increased in recent months. The main reason for this pessimistic outlook
is the state of the US economy and the debt crisis in Europe, which is
not just continuing but threatening to engulf countries that have escaped
it so far like Italy and Spain. The term recession it is understood as a
situation in which there are two successive quarters of decline in economic activity. Some
recessions would be characterized by such a decline followed by a sustained period of
recovery. However, sometimes, there can be a brief phase of growth followed by another
recession. This situation is what is described by the term “double-dip recession”.
The impact of this on the Indian economy is on the negative side, if consumption in
developed countries declines, India’s exports could be hit. Off-shoring jobs may be affected,
though outsourcing could increase as Western firms try to save costs. On the positive side, a
global recession would typically mean a decline in commodity prices and hence an easing of
inflationary pressures. This would be particularly true of crude oil prices.
Indian economy strong enough to withstand crisis: Pranab Mukherjee
9th Aug 2011, Economic Times
With all eyes on the global situation, Finance Minister Pranab Mukherjee on
Tuesday said India's macro-economy was moving in a positive direction and
hoped international commodity prices would decline, helping the government
tame inflation and cut subsidies. Mukherjee maintained that India's economic
fundamentals were strong and capable of meeting any challenge posed by the
downgrade of the US economy and the crisis in some Euro zone nations.
The minister said the US downgrade has created some problems for India, "The
challenge is there, but we have the capabilities of facing these challenges. Collectively, with
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the efforts of all concerned, particularly with the cooperation of the RBI, we will be able to
face the challenges," he added. The downgrade of the US economy by Standard and Poor's
last week has created havoc in stock markets worldwide, but led to a decline in commodity
prices, including crude oil. Mukherjee hoped that prices of oil and other commodities will
come down further, "which will help us to manage inflation and also help in reducing
subsidy on oil".
„Everything is right & perfect‟
6th Aug, 2011, Times of India
Hyderabad: Everything is “perfect and right” with the Indian stock markets, says Securities
and Exchange Board of India (Sebi) chairman U K Sinha, allaying fears of any crisis. “There
is nothing for people to worry about.” Attributing the over 600 points intra-day fall in sensex
on Friday to below 17,000 level to global cues, Sinha said: “We are watching the situation
closely. Our analysis at this stage is that the global markets have got
affected and India as part of the globalised economy has also got
affected.” Reiterating that the market infrastructure in India was intact,
Sinha said: “Our market and regulatory system is perfectly in place. Our
risk management system is working perfectly. All the settlements are
taking place. There is nothing for anybody to worry on that account.” “Buying and selling is a
normalactivity.
On Saturday’s meeting with Sebi and the stock exchanges called by the finance
ministry, Sinha said it was part of the normal consultation process that the finance ministry
and all intermediaries have over a regular period of time to understand the latest
developments in the market and draw a long-term plan.
Cognizant replaces Wipro as No. 3 IT co
Closes In On Infy As Revenue Rises 34% In June Quarter
03rd Aug 2011, Times of India
Cognizant said on Tuesday that its revenue rose 34.4% to $1.49 billion in the quarter
ended June, and in the process displaced Wipro Technologies as India’s No. 3 IT firm in
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terms of revenue. Wipro reported a revenue of $1.41 billion in the quarter.
Cognizant said it is expecting a revenue of $1.57 billion in the September quarter. Wipro’s
guidance for the quarter lies in the range of $1.39-1.42 billion. Cognizant has also narrowed
the revenue gap with Infosys to less than $200 million. Infosys earned $1.671 billion in June
quarter, and its guidance is $1.73 billion for September quarter. Cognizant’s net profit
jumped 20.83% to $208.04 million in the April-June 2011 quarter, up from $172.17 million
in the year-ago period. Cognizant ended the quarter with over 1,18,300 employees globally.
The company added 76 new clients and closed the quarter with 721 active clients.
HR News
India Inc. Then and now
Times Ascent
Amongst many new announcements and policy initiatives, 2011 started
with news about expected increments this year surpassing last years and
salary hikes of almost 12.9% for 2011. With recession far behind them,
companies have adequately prepared themselves for an upturn. The human
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resources fraternity has been one that is most affected. Since the markets started looking
upward, people started to get new job offers therefore employers have to offer good
salaryhikes to retain their existing talent force. The other big change that India Inc is
expecting to see in 2011 is hiring of working mothers provided that she has the required
skills. Overall, staff strengthening was expected to happen across verticals in 2011. The
manufacturing industry is buoyant and the challenge of recruiting and retaining talent holds
greater importance in today's competitive environment. The second
half of the year is expected to see a quantum increase in recruitment
too. The key challenge will lie in recruiting and retaining key talent.
With the industry becoming more competitive, employees
constantly benchmark their work environments with their peers and it therefore becomes very
essential that companies focus on key basics such as employee engagement, effective
recruitment especially using employee referral, creating a congenial work environment and
an overall focus on training and development of employees. So while much has happened
already, there is even more to look forward to.
Taking Work Outside
Times Ascent
If the pace of work & usual rigour is being lost in the company in spite of
providing the best office facilities then to ensure employees are creative,
innovative & have a stronger drive to perform you need to boost energy
levels at work by giving them time to unwind by taking them outdoors.
Outdoor activities like sports, picnics, cultural events etc significantly
improve employee morale & work culture & break the monotony of
everyday office routine & also creates a sense of healthy
competition, makes one dependent on ones skills & abilities &
appreciate those of the other team members. It leads to lot of inter
& intra team bonding & reduces distance between employee &
manager. Also task & team work seem more important than
individual achievements alone. Time, budget, destination & an activity that interests
maximum number of participants has to be thoroughly planned to avoid logistic &
operational problems. Clearly, while outdoor activities come with a lot of plusses, care must
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be exercised at all points of planning and executing them, so as to not lose sight and the
ultimate purpose of it all!
2011, the year of HR
Times Ascent
Significant people management trends of the first half of 2011 will pave the way forward for
the rest of the year & a productive 2012. The onset of 2011 saw HR managers pledging to
imbibe tactful people management practices that would induce
adeptness in the organisational structure since top HR managers
have realised the importance of effective people management
practices to enable efficiency in the organisation.
Some companies have opted for selection interviews where employees are cross examined at
the time of appraisals while other companies have opted for exit interviews. HR managers
have tried to tap into every aspect of People Management by infusing
novel practices in firms to fuel employee performances for the best.
Having an official social networking site encourages employees and
clients to bond and garners feedback, enhances interpersonal
relationships and also gives the employees a sense of fulfilment as
their work is displayed for everyone in the virtual world to regard. Balanced workforce
strategy was implemented to create a proper representation of minorities and women
employees. The provision of employee self portals in the first half of 2011 proved to be a
successful measure. The introduction of which, gave employees the authority to view and
update data on the web without having to go through the HR personnel. The past six months
have been those of trial and error; some corporations stimulated people management
techniques that brought about a positive transformation while other HR managers hoped the
next six months would churn out improved practices.
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Wanted: Efficiency Coaches
Times Ascent
India Inc has a new breed of coach – the efficiency coach. Often
companies focus on the huge gap between the present condition and
immediate results & somewhere in between they lose sight of their
final goal. To help avoid this over achiever’s disaster, companies are taking on efficiency
coaches to help improve efficiency. Their job is to help identify problematic areas in the
workplace & implement solutions with a goal to increase productivity, profitability & value
& strive to change the behaviour of the people they are coaching. A management department
that is running subpar along with weak managers who are afraid to confront problems head
on keep a company locked in a circle of inefficiency while bleeding precious resources. This
situation can be avoided with the help of an efficiency coach. They also help develop
individuals & teams equipped with positive energy & psychological well – being. The
concept of an efficiency coach will be successful only when the executive is ready for a
change, open to feedback & has attained a certain a level of maturity in their career.
Business owners implement cost cutting when income
declines. Although this may increase profits temporarily,
value inevitably declines due to lowered employee morale,
customer care & product quality. Efficiency coaching
increases value of business while raising profitability &
creates a streamlined, organised workplace that contributes
to higher employee morale & the increased productivity is
usually accompanied by financial bonuses. Efficiency is
about regular improvement, not perfection. Perfection within a company can neither be
attained nor sustained. Regular improvement, however, is attainable. While there are many
different aspects of a corporation that a coach can focus on, the ultimate goal is always a
positive final result. And that is exactly what an efficiency coach helps towards achieving.
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Job Market
Enercon (I) Ltd - MBA Finance Jobs for Freshers
Experience: 0 - 2 Years Functional Area: Accounts, Finance, Tax, CS, Audit Education: Any
Graduate, MBA/PGDM - (Finance)Location.
WNS Hiring MBA Finance Graduates
Experience: 0 - 1 Years Location: Delhi/NCRE education: B.Com , MBA - (Finance)Industry
Type: KPO / Research /Analytics Functional Area: ITES/ BPO/ KPO, Customer Service.
EClerx Services Ltd - Walk-in - Fresher Mumbai Jobs - Finance Analysts
Experience: 0 - 2 Years Location: Mumbai Compensation: Rupees 1,00,000 - 2,25,000
Education: B.B.A ,B.Com, MBA/PGDM Functional Area: Accounts, Finance, Tax, CS, Audit.
SAIL - 20 Jul
Anywhere in India - MT (Technical/ Administration) - BE/B.Tech (Ceramic, Chem, Civil, CSE,
EEE, ECE, IT, Mech, Metallurgical, Electrical, Instrumentation & EIectronics), CA, ICWA,
MBA/PGDM, MCA. End Date : 17 Aug
Bharatiya Nabhikiya Vidyut Nigam Ltd - 03 Aug
Tamil Nadu-other - Dy. Manager - CA, ICWA, MA, MBA/PGDM, PG Diploma –
End Date : 22 Aug
SAIL - 20 Jul
Anywhere in India - MT (Technical/ Administration) - BE/B.Tech(Ceramic, Chem, Civil, CSE,
EEE, ECE, IT, Mech, Metallurgical, Electrical, Instrumentation & EIectronics), CA, ICWA,
MBA/PGDM, MCA – End Date : 17 Aug
Eureka Forbes - 08 Aug
Delhi - Management Trainee – HR - MBA/PGDM(HR) – End Date :09 Aug
Bharatiya Nabhikiya Vidyut Nigam Review
Book Ltd - 03 Aug
Tamil Nadu-other - Dy. Manager - CA, ICWA, MA, MBA/PGDM, PG Diploma –
End Date :22 Aug
Bank of India - 03 Aug
Anywhere in India - Specialist Officers in Scale I & II- LLB, MBA/PGDM –
End Date: 16 Aug.
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BOOK REVIEW
“DRIVE YOUR PEOPLE WILD WITHOUT DRIVING THEM CRAZY”
Leadership Lessons for a Chaotic World
-Book Review by Snehal Mankar
Under pressure, some leaders become dictators believing that they have
to drive performance from their people. What do they get? Long hours,
stress, more chaos & mediocre performance from their people. In this
revolutionary book, Jennifer White helps leaders marry two apparently
conflicting ideas, success at work and success at home, with the aim of
creating profitable companies that retain top-producing employees.
Jennifer White has created a unique seven-part process that will
help business leaders produce the right results when it matters the most,
show them how to inspire their employees to be high performers even if economy is slowing
& convince them that it is possible for everyone to make it home in time for dinner without
sacrificing company results.
Go ahead, maximize your productivity, transform chaos into sanity, communicate with
power, honor your people, use speed to your advantage, and leverage their strengths and
above all GET YOUR LIFE.
Corruption is a CANCER affecting the nation’s political,
economic, cultural and social life. It is necessary to
eliminate it.
…Precident : Pratibha Patil.
(15th Aug, 2011)
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Happenings at BKC, MET
BHUJBAL KNOWLEDGE CITY TIES UP WITH BOMBAY
MANAGEMENT ASSOCIATION (BMA)
25th July 2011
BMA is a no profit no loss organization that provides training programs & research projects
for industries. They contribute in the Financial, IT & Personnel sector.
BMA will conduct programs throughout the year for both students & staff of MET
which will be beneficial in the long run.
Seminar on “AUTOMATION IN INDUSTRY”
4th August, Department of Engineering
Delivered by Industry experts
Mr. Arun Ogale (former GM of Siemens, Nashik)
Mr. R.R. Deshpande (Director of A. R. Technologies)
Seminar on “VISIT TO NASA”
5th August 2011, Department of Polytechnic
Delivered by Mrs. Apoorva Jakhade
GD Session for MBA students
6th Aug, 2011, Institute of Management
Conducted by JESCL group.
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Induction program for FE students
8th Aug, 2011
Briefing done by FE co-ordinator Mr. Gite followed by felicitation of Engg college toppers.
Events to Come….
Poster Presentation
15th Aug, 2011
Themes - Independence Day
Induction Program for First year MBA
16th Aug, 2011
Review of Last Year Activities
Inauguration of MET ASCENT
Android Workshop
27th Aug, 2011
Workshop on phone & PC software
12th – 17th September, 2011
Paintball, quiz, C coding, Java coding.
Meteorite Workshop
15th – 17th September, 2011
Technical workshop for ENTC students on robotics software.
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Happy Birth-Days!
Birth Days in coming 15 days…
1. Abhinav Singh – 21st August
2. Sameedha Bhadange – 27th August
3. Pushpak Chumble – 30th August
4. Sweety Punjabi – 31st August
The devil has put a penalty on all things we enjoy in life. Either we suffer in health or we
suffer in soul or we get fat.
-Albert Einstein
Coming together is beginning.
Keeping together is progress.
Working together is success.
-Henry Ford.
…. Compiled by HR “INSIGHT” group
2010-2012
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